November 6, 2019 at 11:12 pm UTC · 3 min read
The Cardano Foundation, an independent entity dedicated to promoting the Cardano project, warned the community about a copycat that was infringing on the company’s trademark. The copycat cryptocurrency is called Cardano Gold and is currently in the midst of a crowd sale.
Users beware: a Cardano copycat has emerged
“We’ll know we made it when there’s Cardano Cash or Cardano’s Vision.”
These were the words of Charles Hoskinson, the CEO of IOHK, the company behind the Cardano blockchain. In an AMA earlier this week, Hoskinson jokingly said that copycats are what determines the value of a project and that he wasn’t worried about other projects mimicking Cardano.
Little did he know that the joke he made while answering a question would turn into reality.
Just days after he commented on the possibility of projects copying Cardano’s code, the Cardano Foundation warned its users about a potential scam that was misrepresenting itself as Cardano.
The foundation, whose aim is to promote the Cardano blockchain, tweeted about a copycat that has emerged on the market, warning its users to beware of the potential scam.
The copycat project, called Cardano Gold, has reportedly been infringing and violating on Cardano’s registered trademark.
While no further information about the project was shared by the company, none of its followers seemed bothered by it.
Everything about Cardano Gold is fake
The crypto project that’s been using the Cardano trademark is currently conducting a crowd sale of the Cardano Gold Coin.